PRE-CONSTRUCTION CONDOS. A step-by-step guide on how to get the HIGHEST return on your INVESTMENT.

Learn the ins and outs of buying a pre-construction condo. Pre-construction condos are a great way to stagger your investments. And they're also often purchased three to four years out from completion date, so it's a great forced savings plan for many investors. It can also be an excellent way to passively invest in real estate while you're waiting for the condo to be completed.

Not all developers and sales teams selling pre-construction condos are created equal so Canadian real estate investor Darren Voros is sitting down with Jas Takhar of REC Canada to walk through the pitfalls and what you're going to want to watch out for if and when you want to move forward with a purchase.

Seven to eight years ago, we started to see a trend all over Canada where because of things like greenbelt legislation and municipalities focused on increasing urbanization, builders could no longer build as many subdivisions. So the trend we started to see were lots of cranes and high-rise buildings. In the past we found that it was big pension funds that were able to buy these buildings and rent them out. Now, a regular investor can buy a condo and rent it out to a tenant. And that contributed to a big shift where investors starting to look at pre-construction condos, meaning buying a condo before they even got built.

There's definitely a right way to do it which is backed up by the data that Jas and his team have compiled over the years.

Some of the questions Jas answers for us.

Why is it this style of investing so popular?
What are the benefits of buying a pre-construction condos?
What is the financing qualification process for buying a pre-construction condo?
What are the best condo units to buy in order to see the highest value or highest return?
What are the fees we can expect to pay as a buyer?
Are there any pitfalls we should be aware of when a developer is advertising rent guarantees or free property management as part of the offering?

You can reach Jas or his team at REC Canada via email at Jas@reccanada.com

DISCLAIMER:
WITH ANY AND ALL INVESTING YOU SHOULD ALWAYS OBTAIN INDEPENDENT LEGAL, TAXATION AND FINANCIAL ADVICE FROM A LICENSED PROFESSIONAL BEFORE INVESTING ANY OF YOUR OWN MONEY.

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Видео PRE-CONSTRUCTION CONDOS. A step-by-step guide on how to get the HIGHEST return on your INVESTMENT. канала Darren Voros